Tech a Says That If You Are Familiar with a Transmission

question 71

Multiple Choice

Tech A says that if you are familiar with a transmission it is not necessary to check for updates before assembling the transmission. Tech B says that you should always check for revised specifications and/or service updates before assembling the transmission. Who is correct?

• A) Tech A
• B) Tech B
• C) Both A and B
• D) Neither A nor B

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Definitions:

Initial Investment

The initial amount of capital used to start a business or investment.

Commercial Substance

A scenario where the future cash flows of an asset or group of assets are expected to change significantly due to a transaction.

Fair Value

The amount one would get from selling an asset or the cost to transfer a liability during a structured exchange between participants in the market.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.